White Oil Market is Anticipated to Exceed at USD 6,028 million by 2016-2021

September 13, 2018

September 12, 2018: The term “white oil” refers to highly refined distillate fractions in the lubes boiling range whose water white color (and therefore the “white” descriptor) is due to the almost complete absence of aromatics as well as sulfur- and nitrogen-containing compounds. White mineral oils, also known as “paraffin oil,” “liquid paraffin,” and “white mineral oil,” are liquids at room temperature and are predominantly mixtures of isoparaffins and naphthenes with lesser amounts of n-paraffins. White oils are manufactured for use in agriculture and the chemicals and plastics, textiles, food, pharmaceuticals, and personal care and cosmetics industries.

The global white oil market size is estimated to grow from USD 5,117 million in 2015 to USD 6,028 million by 2021, at an estimated CAGR of 2.77% between 2015 and 2021. With regards to this, key players of white oil industry are expected to find potential opportunities in this market.

Worldwide, 4,266 K tons white oil have been produced in the year 2015, while North America attributes close to 17.89% of the world production, Europe close to 11.91%, China 35.26%, Middle East & Africa 9.14%, and Asia-Pacific 14.19%.

In terms of application, textile auxiliaries accounts for 30.43% of all white oil consumption, compared to 20.86% for solvent naphtha.

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